# 2024 Dairy outlook update: a turnaround year for producers | FCC

> FCC raises its 2024 Canadian dairy margin estimates because lower-than-expected feed costs, favourable weather and strong US production improved producer economics. Eleven incentive days were granted in eastern Canada this year amid strong domestic dairy demand.

- Date: 2024-10-09 · published 2024-10-09T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/27864-2024-dairy-outlook-update-a-turnaround-year-for-producers-fcc
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower feed costs and strong demand support dairy producer margins and herd economics, with cheaper feed ingredients benefiting feed buyers.

## Read by commodity

- MILK: bullish ▲

## Sources

- fcc-fac.ca: https://www.fcc-fac.ca/en/knowledge/economics/2024-dairy-outlook-update-october

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.